The document discusses the Java ring, which is a stainless steel ring containing a computer chip called an iButton that stores user information and runs Java applets. It was introduced in 1998 to provide personalized services. The ring communicates with readers through the iButton and 1-wire protocol with a touch. Applications include access control, time/attendance, e-cash, and more. It has advantages like convenience and security but also risks less parental control and privacy issues.